(Reuters) - Republicans in the U.S. House of Representatives took a first step toward tax reform on Tuesday, with the release of a fiscal 2018 budget plan that would allow a tax reform package to pass the U.S. Congress without support from Democrats.Read Full Article →

(Reuters) - Republicans in the U.S. Congress were in chaos over healthcare legislation after a second attempt to pass a bill in the Senate collapsed late on Monday, with President Donald Trump calling for an outright repeal of Obamacare and others seeking a change in direction toward bipartisanship.Read Full Article →

(Reuters) - New York state Attorney General Eric Schneiderman intends to sue the federal government if Republican lawmakers pass proposed legislation to overhaul the U.S. healthcare system, his office said on Monday.Read Full Article →

(Reuters) - The text message came as Flavia Cabral walked to a McDonald's restaurant in Manhattan for her 6 p.m. shift on a May evening. It was from her manager. Business was slow and she was not needed.Read Full Article →

Businesses have two major accounting changes on the horizon in the next two years — the revenue recognition standard that goes into effect for public companies in less than six months and the lease accounting overhaul that must be followed in 2019. The lease standard is less complicated than the revenue guidance, but lease amendments still require major work to implement, and companies have been slow in making the necessary changes to their financial reporting systems and the processes to support the change.Read Full Article →